"Gold has been on a remarkable surge for the past 12 months, having almost doubled in value since this time last year. It is on its biggest rally since the 1970s and while the run has accelerated over the past year, its gains have been notable since late early 2019 when it was valued at just over $1,280 per troy ounce."
"US President Donald Trump's recent threats to invade and annex Greenland and to level tariffs against those who opposed his proposals on the issue have caused significant stress to the US-EU relationship. The Greenland threats came shortly after the US intervention in Venezuela, which saw former president Nicolas Maduro captured by US special forces and removed from office. When gold was on its run in 2025, geopolitical concerns over the wars in Ukraine and Gaza were a factor."
Gold prices have climbed past $5,000 per troy ounce, nearly doubling over the past 12 months and marking the biggest rally since the 1970s. The price rise began around early 2019 from just over $1,280 per troy ounce and accelerated sharply in the last year. Rising geopolitical tensions and economic uncertainty are major drivers. Specific events cited include threats to invade and annex Greenland, a US intervention in Venezuela, and ongoing wars in Ukraine and Gaza. Additional economic worries include trade tariffs, high US government debt levels, and doubts over the US dollar's role as the global reserve currency.
Read at www.dw.com
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